Senin, 13 Mei 2019

ForexLive Asia FX news wrap: Trump tweets on China trade war over weekend - ForexLive

Forex news for Asia trading Monday, May 13 2019  

After the break down of negotiations between the US and China on trade late last week US President Trump was on twitter again over the weekend not backing down. On Saturday evening (US time) he tweeted the terms offered to China would be 'far worse' in his second term. He backed this up with a Sunday evening tweet saying he had China right where he wanted them, and further warning China to not wait it out until 2020 later (see bullets above).

The very early moves here in Asia reflected the Saturday tweets, yen moving stronger and risk currencies (AUD for example) trading down. The tweets that followed came when there was a little more liquidity in markets and the moves extended. To keep it all in perspective, though, apart from the yuan, forex ranges were not large. USD/CNH jumped to its highest since January this year.

Equities took more of a hit, overnight Globex trade (ES eminis) were more than 1% down as the opened for the new week. Regional equities also fell.

USD/JPY opened lower from its circa 110.95 level late Friday and fell to 110.60 before coming back to around 109.80. Its just under there as I post. AUD/USD, too, opened lower. It managed a retrace move to around 0.7 before dropping down to lows around 0.6975. Its barely off the canvas as I post. NZD/USD has traded a similar pattern.

EUR/USD is net little changed while cable has recovered all its early dip to be above 1.3010. USD/CAD is up also.

Gold looked promising in early trade, hitting above 1288USD but has since fallen under 1284.

Apart from the trade war developments, we had a few Brexit snippets and data that only had a minor impact.


Forex news for Asia trading Monday, May 13 2019  

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https://www.forexlive.com/news/!/forexlive-asia-fx-news-13-may-20190513

2019-05-13 03:51:03Z
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Minggu, 12 Mei 2019

Elon Musk 420 weed joke around Starlink SpaceX satellites launch plans - Business Insider

elon muskElon Musk, the rare CEO to joke about smoking marijuana.AP Photo/Jae C. Hong

Elon Musk isn't done making 420 jokes just yet.

His latest came this weekend while revealing 60 SpaceX satellites to the public for the first time. Rocket company SpaceX plans to launch them into space for its a first mission late Wednesday

SpaceX wants to build up a global network of nearly 12,000 satellites, part of a bold project called Starlink aimed at bringing ultra-high-speed internet to the world. 

But getting minor internet coverage will take just six more launches of 60 satellites, Musk tweeted.

If you do the math, that's 420 satellites in total. That's how people refer to smoking marijuana, something that's gotten Musk into hot water before. Most famously, Tesla was fined $20 million by the SEC after Musk claimed that he might take the electric car company public at $420 a share.

When one Twitter user pointed the 420 sum out, Musk joked back about it. 

"That *might* not be my lucky number," Musk tweeted, adding an emoji of a four-leaf clover.

Musk was also notoriously filmed smoking a mixture of marijuana and tobacco last fall while being interviewed on a podcast.

Marijuana use is legal in California, where it happened, but NASA's top official later publicly chastised Musk about it, describing the incident as "not appropriate behavior."

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https://www.businessinsider.com/elon-musk-420-weed-joke-around-starlink-spacex-satellites-launch-plans-2019-5

2019-05-12 16:53:52Z
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Elon Musks shows off SpaceX’s 60 internet-beaming satellites packed together for launch - The Verge

On Saturday, SpaceX CEO Elon Musk revealed the 60 satellites his company will be launching this week — the first batch of thousands of satellites that SpaceX hopes to deploy in the years ahead to provide global internet coverage from space. Musk tweeted a picture of the satellites packed tight together inside the nosecone of the Falcon 9 rocket that will take the spacecraft to orbit.

The satellites are the first operational units of SpaceX’s Starlink initiative, a planned mega-constellation of nearly 12,000 spacecraft that will sit in a low orbit above Earth and beam internet connectivity to the surface below. The Federal Communications Commission has granted SpaceX permission to launch two groups of satellites for the Starlink project: one constellation of 4,409 satellites, followed by a second constellation of 7,518 that will operate at a slightly lower altitude than the first. Together, the satellites are meant to fly in a synchronized dance over the Earth, providing internet to every region of the planet.

SpaceX’s FCC approvals are contingent on the company being able to launch half of all these satellites within the next six years. So far, SpaceX has only launched two test Starlink satellites, nicknamed TinTin A and TinTin B, which flew to space in February of 2018. The duo seemed to performed well, according to Musk and SpaceX investors, though the company did end up keeping the satellites in a lower orbit than originally planned. As a result, SpaceX successfully petitioned the FCC to fly some of its satellites in the lower orbit, based on what the company had learned from those test satellites.

Now the company is preparing to launch the Starlink project in earnest. This first group of 60 consists of “production design” spacecraft that are different than the TinTin satellites, according to Musk. However last week during a satellite conference, SpaceX president and COO Gwynne Shotwell noted that these satellites still lack some design features needed for the final constellation, according to a report in Space News. While the satellites will have antennas for communicating with Earth and the capability to maneuver through space, they won’t be able to communicate with one another in orbit, she said.

Shotwell ultimately referred to this batch as “demonstration” satellites, which will test out how the company plans to deploy these vehicles into orbit. On Twitter, Musk noted that the satellites are flat-packed inside the nosecone, or payload fairing, and there is no dispenser for deploying them into orbit. More details will about the mission will be provided on launch day, he said. The flight is currently scheduled for May 15th out of Cape Canaveral, Florida.

Musk also noted that “much will likely go wrong” on this first flight. He argued that at least six more launches of 60 satellites will be needed to provide “minor” internet coverage, while 12 launches will be needed for “moderate” coverage. Shotwell said SpaceX could launch two to six more Starlink missions this year, depending on how this first flight goes, according to Space News. One Twitter user was quick to point out that seven launches would equal 420 satellites, a number that Musk has enjoyed. But based on recent events, the CEO admitted it might not be his lucky number anymore.

SpaceX is just one of many companies eager to launch large constellations of satellites into space, in order to offer global internet coverage. Companies like OneWeb, Telesat, LeoSat, and now Amazon are also working on massive constellations that would provide internet connectivity from low orbits over Earth. OneWeb launched its first six satellites in February of this year. But now SpaceX is poised to gain a significant lead in the race to provide internet from space, though it looks like more hardware upgrades are still needed for future missions.

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https://www.theverge.com/2019/5/12/18616535/spacex-starlink-elon-musk-60-satellites-launch

2019-05-12 14:00:00Z
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Hold Tight for Volatility as Trade Turmoil Rattles Markets Anew - Bloomberg

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Hold Tight for Volatility as Trade Turmoil Rattles Markets Anew  Bloomberg

Investors are standing by for a *fresh* bout of market turmoil as President Donald Trump turns up the heat on Beijing over trade.


https://www.bloomberg.com/news/articles/2019-05-12/hold-tight-for-volatility-as-trade-turmoil-rattles-markets-anew

2019-05-12 10:31:00Z
CAIiECUKXjvwwMX1yxQckX3WyWQqGQgEKhAIACoHCAow4uzwCjCF3bsCMIrOrwM

"Saturday Night Live" tackles Trump issues in "Meet The Press" spoof - Axios

"Saturday Night Live" addressed the latest issues surrounding the Trump administration in a "Meet The Press" spoof sending up Republican lawmakers for its cold open.

Details: The NBC show's host Chuck Todd, played by Kyle Mooney, asked Beck Bennett's Sen. Mitch McConnell, Kate McKinnon's Sen. Lindsey Graham and Cecily Strong's Sen. Susan Collins, "What would it take for President Trump to lose your support?" Hypothetical situations they discussed included the president becoming Muslim and divorcing Melania Trump to marry Rep. Alexandria Ocasio-Cortez.

Go deeper: Trump asks how "SNL" can air "without retribution"

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https://www.axios.com/snl-trump-cold-open-meet-the-press-spoof-with-gop-df721daa-9696-489e-8eff-191525d2bb91.html

2019-05-12 09:15:00Z
CAIiEBPXglQXcX0RIjtgV-JImtkqGQgEKhAIACoHCAowysWECzCkqIEDMN-pgwY

Trade-War Scenarios Force Investors to Rewrite Playbook - Bloomberg

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  1. Trade-War Scenarios Force Investors to Rewrite Playbook  Bloomberg
  2. US-China trade tensions reverberate around the world  The Thaiger
  3. View full coverage on Google News

https://www.bloomberg.com/news/articles/2019-05-12/trade-war-scenarios-force-investors-to-rewrite-playbook

2019-05-12 06:49:00Z
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"Saturday Night Live" tackles Trump issues in "Meet The Press" spoof - Axios

"Saturday Night Live" addressed the latest issues surrounding the Trump administration in a "Meet The Press" spoof sending up Republican lawmakers for its cold open.

Details: The NBC show's host Chuck Todd, played by Kyle Mooney, asked Beck Bennett's Sen. Mitch McConnell, Kate McKinnon's Sen. Lindsey Graham and Cecily Strong's Sen. Susan Collins, "What would it take for President Trump to lose your support?" He threw up hypotheticals, such as the president becoming Muslim and divorcing Melania Trump to marry Rep. Alexandria Ocasio-Cortez.

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https://www.axios.com/snl-trump-cold-open-meet-the-press-spoof-with-gop-df721daa-9696-489e-8eff-191525d2bb91.html

2019-05-12 04:46:00Z
CAIiEBPXglQXcX0RIjtgV-JImtkqGQgEKhAIACoHCAowysWECzCkqIEDMN-pgwY